Internal Audit Policy
A professionally drafted Internal Audit Policy for banks, deposit-taking institutions and finance companies, covering internal audit independence, planning and reporting. Global edition — written to international standards (Basel Committee, FATF, ISO, COSO, NIST and FSB) and deliberately jurisdiction-neutral, with bracketed prompts marking the points where your local law or regulator's requirements must be inserted. Supplied as a fully editable Microsoft Word document, de-identified and ready to adapt to your organisation. Typical owner: Head of Internal Audit; approval: Audit and Risk Committee.
| Typical owner | Head of Internal Audit |
|---|---|
| Typical approval | Audit and Risk Committee |
| Length | ~8,319 words (approx. 21 pages) |
| Last reviewed | July 2026 — verify currency for your circumstances before use |
| Format | Microsoft Word (.docx), fully editable |
| Delivery | Instant download after purchase; re-download any time from your account |
| Licence | Single-organisation licence |
| Guarantee | Materially defective or misdescribed? We'll resupply, replace or refund within 30 days — see Terms |
Preview the first 6 pages (PDF) See the real cover, document control page and opening sections before you buy.
What's inside
- Contents
- 1. Purpose
- 2. Scope
- 3. Definitions
- 4. Regulatory Framework
- 5. Mandate and Authority
- 6. Independence and Objectivity
- 7. Scope of Internal Audit Work
- 8. Risk-Based Audit Planning
- 9. Engagement Standards
- 10. Ratings Framework
- 11. Reporting, Issue Management and Escalation
- 12. Co-Sourcing and Outsourcing of Internal Audit Work
- 13. Quality Assurance and Improvement Program
- 14. Coordination with External Audit and the Second Line
- 15. Roles and Responsibilities
- 16. Breaches of this Policy
- 17. Review of this Policy
- Appendix A: Annual Confirmation by the Head of Internal Audit
- Policy Administration